EROG and HuaTong signed their Joint Venture Agreement
EROG and HuaTong signed their Joint Venture Agreement on December 13th, 2017 to establish the first Coiled Tubing and ESP cables Manufacturing Facility in Saudi Arabia. As a part of the vision 2030 and the Aramco IKTVA program, both EROG and HuaTong will build a Coiled Tubing and ESB cables manufacturing facility to support the local Saudi and GCC growing demand. The first phase of the facility to manufacture Coiled Tubing will be completed in December 2018. The 2nd phase of the manufacturing plant to produce ESP cables is planned to be completed in December 2019.